I’d love to write more about this subject if Jenna Keehnen, the executive director of USOBA would ever return emails. Can you tell I’m a bit frustrated. In fact, let me rant for a moment. You want to know what the hardest part about writing stories on debt relief companies is, it is getting them to responsed to questions or inquiries. I always want to get the other side of the story out but USOBA, debt settlement companies, credit repair firms, and others just never respond. Rant over. There, I feel a bit better.
Anyway, Daily Finance is reporting Keehen as saying, “that 12 of the association’s members have already gone out of business in August, two months before the deadline, and “I do expect to lose quite a few more.”
I have politely asked USOBA for a list of these members but since they won’t even provide a membership list, I’m not holding my breath. Yep, still frustrated.
My concern is for consumers that have paid for debt settlement services and their companies go out of business. I expect to see a number of bankruptcy cases by debt settlement firms that close up.
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